Enilive Expands KKR Stake to 30% Amid Strategic Growth Plans
Deal News | Feb 18, 2025 | Finance Community IT - 3 Private Equity
Eni and KKR have reached an agreement to enhance KKR's stake in Enilive to 30%, with a new equity injection of €587.5 million. This action follows the strategic partnership begun last year, allowing KKR to build upon its initial 25% acquisition in Enilive. The arrangement aligns with the sustainable mobility business model that Enilive champions, promoting integrated services and decarbonized products. Supported by significant international investors, this expansion illustrates the market's confidence in Enilive’s growth prospects. The transaction underscores Eni's satellite strategy to attract capital in niche business areas, aiming to boost market valuations and independent growth. Advisors in the deal include Mediobanca and JP Morgan. The closing awaits necessary regulatory clearances.
Sectors
- Private Equity
- Energy and Sustainability
- Financial Services
Geography
- Italy – Eni, an Italian company, is one of the main participants in the transaction.
- Europe – The strategy and operations discussed, including KKR's intentions, are focused on influencing the European energy transition sector.
Industry
- Private Equity – The article discusses KKR, a major global investment firm, increasing its stake in Enilive.
- Energy and Sustainability – Enilive emphasizes integrated and decarbonized mobility services, depicting a shift towards sustainable solutions.
- Financial Services – The involvement of financial advisors such as Mediobanca and JP Morgan highlights the role of financial services in the transaction.
Financials
- €587.5 million – Additional investment amount by KKR to increase its stake in Enilive to 30%.
- €11.75 billion – Post-money equity valuation of 100% of Enilive's share capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enilive | Target company | Company | A company focused on sustainable mobility services, partially owned by Eni and in the process of having an increased stake owned by KKR. |
| Eni | Selling Company | Company | An Italian energy company selling an additional stake in Enilive and leading the transition to sustainable energy. |
| KKR | Bidding Company | Company | A leading global investment firm increasing its stake in Enilive to 30%. |
| Mediobanca | Financial Advisor | Company | Served as financial advisor to Eni, providing expertise in the transaction. |
| JP Morgan | Financial Advisor | Company | Acted as a financial advisor to Eni in the transaction. |
| Francesco Gattei | Chief Transition & Financial Officer | Person | Represents Eni in expressing strategic vision for reducing emissions and enhancing business value. |
| Marco Fontana | Managing Director, European Infrastructure | Person | Represents KKR in confirming continued commitment to Enilive's growth in innovative technology and emissions reduction. |